Universal American Corp.
Business Description
Universal American Corp. (UAC) is a publicly traded health insurance company based in Rye Brook, New York, United States. It was founded in 1998 and operates within the healthcare sector, primarily focusing on serving the Medicare population. UAC provides various health insurance and managed care products, and its operations are conducted through its subsidiaries.
One of its major subsidiaries is Universal American Insurance Company, which offers a range of Medicare Advantage (MA) plans to seniors and individuals with disabilities. These MA plans provide comprehensive healthcare coverage, including medical, hospital, and prescription drug benefits. UAC also offers standalone Medicare Part D prescription drug plans, which cover the cost of prescription medications for Medicare beneficiaries.
In addition to health insurance offerings, UAC provides various ancillary services aimed at improving healthcare outcomes and reducing costs. This includes care management programs, which help individuals with chronic conditions better manage their health through education, support, and coordination of care. They also provide specialized programs for complex case management, disease management, and medication therapy management.
UAC has built a strong network of healthcare providers to ensure its members have access to quality care. The company contracts with a wide range of healthcare professionals, hospitals, and other medical facilities throughout the United States. This extensive network allows UAC to provide its members with a broad choice of healthcare providers and ensure they receive timely and appropriate medical treatment.
To ensure member satisfaction, UAC places a strong emphasis on customer service. They have dedicated customer service representatives to assist members with their insurance inquiries, claims processing, and other related issues. Through their customer-centric approach, UAC strives to provide a positive experience for their members and address any concerns or complaints promptly.
Financially, UAC is a solidly established company with a notable market presence. In 2017, the company was acquired by WellCare Health Plans, a major health insurance provider. Following the acquisition, UAC operates as a subsidiary of WellCare and continues to offer its products and services under the Universal American brand.
In summary, Universal American Corp. is a leading health insurance company specializing in Medicare Advantage and Medicare Part D plans. They offer a comprehensive range of health coverage options and ancillary services to improve healthcare outcomes and lower costs for Medicare beneficiaries. With its extensive network of healthcare providers and focus on customer satisfaction, UAC has established itself as a reputable player in the healthcare insurance industry.
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